Senior Care Centers Strikes Deal

Clearview Capital’s Senior Care Centers of America struck a deal to acquire the adult daycare division of South Jersey Health Systems. The transaction marks the seventh buy for Senior Care since Clearview Capital acquired it in 2005.

PRESS RELEASE:
March 3, 2011 — Senior Care Centers of America, Inc., a portfolio company of Clearview Capital, LLC, has completed the acquisition of the adult daycare division of South Jersey Health Systems. The transaction closed on March 1, 2011.
Senior Care Centers of America is the premier provider of adult day health services in the United States with a total of 24 centers in New Jersey, Pennsylvania, Connecticut and Mississippi. Designed to be a cost effective alternative to home health services, nursing homes and assisted living facilities, Senior Care’s state-of-the-art centers offer a daytime program of nursing care, social services, meals and recreational activities to elderly and disabled adults.
The transaction is the seventh add-on acquisition that Senior Care has made since Clearview’s initial investment in the company in late 2005. The company expects to make additional acquisitions in the future both within its current footprint and in new markets.
In addition to its investment in Senior Care and the adult daycare market, Clearview is actively seeking opportunities to establish new platform companies in the health care services arena.
Clearview’s other holdings include The Results Companies, a leading business process outsourcing company, All Tech Inspection/IESCO, a provider of mechanical integrity inspection and non-destructive testing services for the refinery, petrochemical and power industries; EN Engineering, a provider of engineering and design services to liquid and gas pipeline operators; Rowmark, a manufacturer and marketer of specialty plastic sheet and related products for the awards/recognition, engraving and signage markets; Hettinger, a provider of pipeline and facilities construction and maintenance services for customers building energy infrastructure; Air Cooled Exchangers, LLC, a manufacturer of air cooled heat exchangers; M.H. Zeigler & Sons, the country’s leading manufacturer of refrigerated apple cider; Hillsdale Furniture, a designer and importer of wood and metal furniture; and a minority interest in CPG International, the leading extruder of thick gauge polyolefin and PVC sheet, including AZEK® brand trim boards and decking products.